17778 Real Estate Initial Public Offer Methodology

6cp; Two days x 2 blocks
There are course requisites for this subject. See access conditions.

Description

Real Estate Initial Public Offerings (IPO) introduces students to the broad range of requisite skills needed to produce a comprehensive IPO document suitable for either a listed or unlisted IPO. The subject covers:

Overview of managed Investment Scheme legislation
Real estate asset class research methodology appropriate for an IPO
Alternative sources of capital funding namely, equity and debt
Ascertaining the appropriate level of debt given the specific earnings/revenue risks associated with either the pool of assets or single asset that forms the cornerstone investment
Alternative Return on Equity (ROE) outcomes under alternative debt level ratios
Forecast income growth from either the single asset or pool offsets given its WALE (Weighted Average Lease Expiry) profile, tenant covenant and rent review profile
Alternative debt structures in terms of tenor/pricing scenarios
Deriving the substantiated revenue/earnings forecast for the IPO over an initial 2 year period.

Detailed subject description.

Access conditions

Note: The requisite information presented in this subject description covers only academic requisites. Full details of all enforced rules, covering both academic and admission requisites, are available at access conditions and My Student Admin.